$1,495,000

1002 Cedar Drive, Possum Kingdom Lake, TX 76449

3 beds |
3 baths |
2,199 sqft

Single-Family Home
Built in 2012
0.92acre lot
—— car garage
$680/sqft
Listed 1 month ago

Property Description

Tucked into a quiet, protected cove at the approach to Hell’s Gate, this nearly one-acre Gaines Bend property offers expansive water views, calm no-wake water, and one of the most recognizable locations on Possum Kingdom Lake. The 3-bedroom, 3-bath home is positioned to capture sweeping sunset views while enjoying the privacy of a protected cove just outside the activity of Hell’s Gate. From its elevated setting, you can watch fireworks light up the sky overhead — close enough to enjoy the show, yet removed from the congestion and heavy boat traffic. Designed for gathering and easy lake living, the home opens to layered composite decks that create multiple outdoor living zones. A covered patio with fireplace, grilling station, and open-air lounge areas overlook the water, while a lakeside tiki retreat provides a tucked-away perch near the shoreline. Inside, the layout is comfortable and functional, offering flexibility for weekend guests or full-time lake living. A stone retaining wall and stairway lead to a private dock with boat lift in approximately 12 feet of water at full pool. The nearly one-acre setting provides uncommon elbow room in Gaines Bend — space for lake toys, gatherings, and future personalization. Whether envisioned as a weekend escape or full-time lake residence, this property offers the rare balance of protected water, iconic proximity, and room to make it your own.

Listing Status:: Active
Data Last Updated:: April 5, 2026 at 1:19AM
Listing Office:: Berkshire HathawayHS Pondera : 940-779-2600
Listing Agent:: Jackie Fewell :
MLS ID:: 21193524

General: Cathedral Ceiling(s)Double VanityHigh Speed InternetKitchen IslandOpen FloorplanPantryVaulted Ceiling(s)Walk-In Closet(s)
Appliances: DishwasherElectric RangeElectric Water HeaterRefrigerator
Laundry: Washer HookupElectric Dryer HookupLaundry in Utility Room
Flooring: CarpetCeramic Tile
A/C: Central AirCeiling Fan(s)Electric
Heating: CentralElectricFireplace(s)
Fireplace: Wood BurningFireplaceFireplaces: 1

General: Boat SlipDockOutdoor GrillGazebo
Style: RanchDetached
Other Structures: Gazebo
Pool: None
Parking: Additional ParkingConcreteDrivewayNo GarageBoatRV Access/Parking

Roofing: Shingle
Windows: Window Coverings
General: 1Slab

Road/Access: Private Road
HOA Amenities: All FacilitiesSecurityTrash1000.0Annually
Originating MLS: NTR
School District: Palo Pinto ISD
County: Palo Pinto

Zoning: GAINES BEND PK LAKE BLK 1 LOT 265 & 26616521
View: WaterView
Fencing: None

Utilities: Electricity AvailableOverhead UtilitiesSewer AvailableSeparate MetersWater Available
Water: Community/Coop
Sewer: Private Sewer

Source: NTR

This listing courtesy of Jackie Fewell , Berkshire HathawayHS Pondera

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Palo Pinto Elementary School

821 Oak St, Palo Pinto, TX, 76484

Grades PK-6

11.03 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.